In the Environmental Economics track you explore which effect climate change will have on future welfare. What is the link between human activities, economic development and environmental problems? This track is 1 of 6 tracks you can opt for in our Master's in Economics.
In this track you learn to understand the complex interactions between economic decisions, market forces, governmental policies and the environment. You will be trained to think comprehensively about problems involving multiple challenges related to environmental policies, such as inequalities, unemployment, economic and human development, urban organisation, and many others.
You will focus on the economic analysis of environmental issues such as global warming, loss of biodiversity, pollution and exhaustion of natural resources. So you can identify possible solutions and make an impact through strong policy design and valuable recommendations.
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Apart from the 3 general courses of the full programme, you will take 3 track-specific courses.
This course introduces you to the 2 main challenges of environmental economics: how to determine the right pollution targets to set, and how to achieve these targets. Special attention will be given to the choice of policy instruments, and to the challenges related to their implementation, such as coordination problems, distributional effects, public support, or the role of lobbies in decision-making.
You will be trained to think about the use and protection of natural resources. This includes reflecting on many key challenges such as the optimal extraction of a non-renewable resource, the effect of market power on resource depletion, the existence of a 'resource curse', as well as problems related to open-access to renewable resources and solutions for managing the 'commons'.
You will learn how economic tools can be used to measure the impact of climate change and determine the best policies to combat it. Lectures will cover a wide range of topics, including the link between the economic and climate systems, methods used to discount the future, the risk of disasters and irreversibility, and many more.
Climate change and environmental degradation are growing threats that require a rapid and ambitious policy response. In order to coordinate actions at the European level, the European Commission has launched a 'Green Deal', a comprehensive investment plan to accelerate Europe's ecological transition and achieve the goal of carbon neutrality by 2050. It is Europe's 'Man on the moon moment', according to Ursula Von der Leyen. This unprecedented plan raises a number of questions for economists and policymakers. What are the most effective policies to achieve Europe's environmental target? Will these policies stimulate growth and employment or will they penalise the European economy? How can we ensure that this transition leaves no-one behind? How to generate broad support for ambitious policies?
Examples of current newspaper headlines and relevant issues that could be discussed in your classroom:
Graduates of the Master's programme in Economics/Environmental Economics track have excellent job prospects for positions as researchers and experts at:
|Credits||60 ECTS, 12 months|
|Language of instruction||English|